Usio (NASDAQ:USIO) Updates FY 2024 Earnings Guidance

Usio (NASDAQ:USIO) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.050-0.070 for the period, compared to the consensus earnings per share estimate of 0.130. The company issued revenue guidance of $90.9 million-$92.5 million, compared to the consensus revenue estimate of $93.0 million.

Usio Trading Up 3.4 %

Shares of NASDAQ:USIO opened at $1.75 on Thursday. The company has a 50 day moving average of $1.69 and a 200 day moving average of $1.76. The stock has a market cap of $46.04 million, a P/E ratio of -43.75 and a beta of 1.56. Usio has a 12 month low of $1.30 and a 12 month high of $2.36.

Institutional Investors Weigh In On Usio

Hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. bought a new stake in Usio during the first quarter valued at approximately $31,000. Toroso Investments LLC bought a new stake in Usio during the first quarter valued at approximately $50,000. LPL Financial LLC lifted its position in Usio by 61.8% during the second quarter. LPL Financial LLC now owns 72,801 shares of the company’s stock valued at $177,000 after purchasing an additional 27,801 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Usio by 12.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 119,535 shares of the company’s stock valued at $191,000 after purchasing an additional 13,459 shares during the last quarter. Finally, State Street Corp lifted its position in Usio by 10.4% during the first quarter. State Street Corp now owns 58,389 shares of the company’s stock valued at $209,000 after purchasing an additional 5,489 shares during the last quarter. 20.23% of the stock is currently owned by institutional investors.

Usio Company Profile

Usio, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services. Its ACH transaction processing services include Represented Check, a consumer non-sufficient funds check that is presented for payment electronically rather than through the paper check collection system; and Accounts Receivable Check Conversion, a consumer paper check payment that is converted into an e-check.